Headlines from Carney

  • Timing of Fed liftoff will not affect timing of eventual BOE move
  • China's important for the UK but not decisive
  • Repeats that timing of rate hike will come into sharper focus around the end of the year
  • Everybody recognizes there isn't going to be a big surge in demand from abroad
  • Concern in the global economy about big buildup of debts

It's rich that central banks are complaining about debt after doing so much to stoke it.

Overall, however, Carney wants to remain a hawk and the chances of a hike before the Fed are solid.